One of our most cherished national beliefs is that the United States offers tremendous opportunities for economic mobility, that even the poorest citizens or the most recent immigrants have a chance to make it rich or, at least, acquire their own piece of the "American dream." In fact, economic mobility in the United States has never been that great. International comparisons of economic mobility, for example, consistently demonstrate that European economies offer their poor far better chances of upward mobility than we do. Recent analyses also suggest that the degree of upward mobility has been on the decline since the 1970s. This session explores the realities of class mobility in America today.


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Artist/Composer: Heather Boushey
Date: 2005-10-27
Keywords: economics; economic policy; Horatio Alger; economic mobility; class mobility; Heather Boushey; CEPR

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For background materials, including streaming video and lecture slides, please see the CEPR Economic Seminar Series web page.

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Reviewer: Hu Xin Xin - - April 19, 2007
Subject: Learn a lot from CEPR's seminars
These sessions are a great way to learn about economics, especially alternative views that don't often make it into the mainstream media.